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Financial | Property & Casualty Insurance | USA
Progressive (PGR) Q1 Earnings Top Estimates, Revenues Up Y/Y
The Progressive Corporation’s (PGR - Free Report) first-quarter 2019 earnings per share of $1.83 beat the Zacks Consensus Estimate of $1.38. The bottom line improved 50% from $1.22 earned in the year-ago quarter.
Behind the Headlines
Net premiums written were $9.2 billion in the quarter under review, up 16% from nearly $8 billion in the year-ago period. Net premiums earned grew 18% year over year to $8.5 billion from $7.2 billion a year ago.
Net realized gains on securities were $414.5 million against the year-ago loss of $48.2 million.
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https://www.zacks.com/stock/news/382093/...nues-up-yy
![[Bild: PGRc1dl1621.png]](https://finviz.com/publish/041619/PGRc1dl1621.png)
Progressive (PGR) Q1 Earnings Top Estimates, Revenues Up Y/Y
The Progressive Corporation’s (PGR - Free Report) first-quarter 2019 earnings per share of $1.83 beat the Zacks Consensus Estimate of $1.38. The bottom line improved 50% from $1.22 earned in the year-ago quarter.
Behind the Headlines
Net premiums written were $9.2 billion in the quarter under review, up 16% from nearly $8 billion in the year-ago period. Net premiums earned grew 18% year over year to $8.5 billion from $7.2 billion a year ago.
Net realized gains on securities were $414.5 million against the year-ago loss of $48.2 million.
...
https://www.zacks.com/stock/news/382093/...nues-up-yy
